"TRADING IDEA FOR THURSDAY (28.06.2012)"

Cautious approach was seen and Nifty moved within a range of 30 points (5130 and 5160). Finally, Nifty ended at 5141.90 with a gain of 21.10 points. For today, BEING JUNE EXPIRY DAY, ITS BETTER TO AVOID DAY TRADING. NIFTY MAY MOVE BETWEEN 5090/5100 AND 5182. BELOW 5090, SUDDEN SELL OFF TOWARDS 5010/5000 LEVEL IS NOT RULED OUT.From options data (Read OI analysis page),,highest options base has been shifted to 5000 & 4800 put and 5200 & 5300 calls. As of now, for June series, below 5090, 5000/4970 will act as strong supportand above 5133/5150, 5195/5220 will act as strong resistance.